... FREMONT Calif. Sept. 25 /- Vermillion In...The Company has been advised that its securities are immediatelyeligi...About Vermillion ...Vermillion Inc. is dedicated to the discovery development andcommer...

FREMONT, Calif., Sept. 25 /PRNewswire-FirstCall/ -- Vermillion, Inc.
(Nasdaq: VRML), a molecular diagnostics company, today announced that it
has received notification from The NASDAQ Stock Market LLC that the NASDAQ
Listing Qualifications Panel has determined to delist the Company's
securities from The NASDAQ Capital Market, effective as of the open of
business on Thursday, September 25, 2008. The delisting is the result of
the Company's noncompliance with the minimum stockholders' equity
requirement for continued listing on The NASDAQ Capital Market, as set
forth in Marketplace Rule 4310(c)(3).

The Company has been advised that its securities are immediately
eligible for quotation in the Pink Sheets, an electronic quotation service
for securities traded over-the-counter, effective as of the open of
business on Thursday, September 25, 2008. The Company's shares will
continue to trade under the symbol VRML. In addition, the Company has been
advised that a Market Maker is filing the necessary application with the
Financial Industry Regulatory Authority ("FINRA") to quote the securities
and as a result we anticipate in the near future that the Company will be
quoted on the Over-the-Counter Bulletin Board (the "OTCBB").

About Vermillion

Vermillion, Inc. is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help physicians
diagnose, treat and improve outcomes for patients. Vermillion, along with
its prestigious scientific collaborators, has diagnostic programs in
oncology, hematology, cardiology and women's health. Vermillion is based in
Fremont, California. Additional information about Vermillion can be found
on the Web at http://www.vermillion.com.

About Pink Sheets LLC

Pink Sheets' centralized information network is a source of competitive
market maker quotations, historical prices and corporate information about
OTC issues and issuers. Pink Sheets is neither an SEC-Registered Stock
Exchange nor a NASD Broker/Dealer. Investors must contact a NASD
Broker/Dealer to trade in a security quoted on the Pink Sheets. More
information is available at http://www.pinksheets.com.

About the OTCBB

The OTCBB is a regulated quotation service that displays real-time
quotes, last-sale prices, and volume information in OTC equity securities.
An OTC equity security generally is any equity that is not listed or traded
on a national securities exchange. OTCBB securities include national,
regional, and foreign equity issues, warrants, units, ADRs, and Direct
Participation Programs. More information is available at
http://www.otcbb.com.

Forward Looking Statements

This news release contains forward-looking statements that involve
significant risks and uncertainties, including statements regarding
Vermillion's plans, objectives, expectations and intentions and the risks
and uncertainties discussed in Vermillion's latest Form 10-K and
Vermillion's periodic reports on Form 10-Q and Form 8-K. These
forward-looking statements are based on Vermillion's current expectations.
Vermillion is providing this information as of the date of this news
release and does not undertake any obligation to update any forward-looking
statements as a result of new information, future events or otherwise.
Forward-looking statements cannot be guaranteed and actual results may
differ materially from Vermillion's current expectations. You are
encouraged to read Vermillion's reports filed with the U.S. Securities and
Exchange Commission, available at http://www.sec.gov.

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